BVNK has become a stablecoin infrastructure partner for Visa Direct, processing $30 billion annually and expanding cross-border payments across its $1.7 trillion network.
BVNK, a fintech company, has just signed a strategic partnership agreement with Visa, marking a significant step in integrating stablecoins into the global payment ecosystem. Under the agreement, BVNK will provide the technological infrastructure to support stablecoin services on the Visa Direct platform, including pre-funding and payment mechanisms using stablecoins for corporate clients.
Mark Nelsen, Head of Global Product in Visa's Commerce and Cash Flow Solutions business unit, said the partnership will allow businesses to Capital Visa Direct payments not only with fiat currency but also with stablecoins. The breakthrough lies in the ability to directly transfer funds as digital assets into the recipient's wallet, creating a more seamless and modern payment experience.
Improving the efficiency of cross-border payments.
BVNK currently processes over $30 billion in stablecoin payments annually, while the Visa Direct network achieves a total volume of $1.7 trillion. This combination promises to create a robust payment ecosystem, connecting blockchain technology with traditional payment infrastructure.
Jesse Hemson-Struthers, CEO of BVNK, emphasized that the partnership's goal is to expand cross-border clearing options, accelerate payments, and improve the availability of funds. In particular, this solution will address payment challenges during periods of limited banking infrastructure, such as weekends and holidays, when traditional systems often cease operation.
BVNK will provide the infrastructure to expand Visa Direct functionality in approved jurisdictions. Pilot programs will focus on markets with high demand for digital asset clearing, before Visa expands the solution globally based on customer needs.
Visa announced the integration of stablecoins into Visa Direct in September 2024, and has since continuously expanded support, allowing businesses to send payments directly to stablecoin wallets. Later that year, the company launched a dedicated advisory division to support banks, FinTech companies, and corporate clients in deploying stablecoin solutions, and began clearing payments with US financial institutions using USDC.
In 2025, BVNK also launched a B2B payment solution combining traditional currencies and stablecoins for international transactions, described as a pioneering product in the market.
